4 1 calabrese.txt WACKENHUT CORRECTIONS CORPORATION Filing Type: 4 Description: Statement of Changes of Beneficial Ownership Filing Date: May 2, 2003 Period End: May 1, 2003 Primary Exchange: New York Stock Exchange Ticker: WHC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Calabrese, Wayne H. c/o Wackenhut Corrections Corporation One Park Place, Suite 700 621 Northwest 53rd Street Boca Raton, FL 33487 USA 2. Issuer Name and Ticker or Trading Symbol Wackenhut Corrections Corporation WHC 3. IRS or Social Security Number of Reporting Person (Voluntary) ###-##-#### 4. Statement for Month/Year May, 2003 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) President and Chief Operating Officer 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | _____________________________________________________________________________ ______________________________________________________| Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | _____________________________________________________________________________ ______________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | _____________________________________________________________________________ ______________________________________________________| Employee Stock Option |3.750 | | | | | |11/6/|5/5/0| | | |20,000 |D | | (Right to Buy) | | | | | | |94 |4 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |22.625 | | | | | |4/25/|4/24/| | | |10,000 |D | | (Right to Buy) | | | | | | |96 |06 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option | 21.500 | | | | | | 1/23|1/22/| | | | 10,000 |D | | (Right to Buy) | | | | | | |/97 |07 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |25.0625 | | | | | |1/23/|1/22/| | | |20,000 |D | | (Right to Buy) | | | | | | |98 |08 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option|18.6250 | | | | | |2/18/|2/17/| | | |25,000 |D | | (Right to Buy) | | | | | | |99 |09 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |8.4375 | | | | | |2/17/|2/16/| | | |50,000 |D | | (Right to Buy) | | | | | | |00 |10 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |9.3000 | | | | | |2/8/0|2/8/1| | | |50,000 |D | | (Right to Buy) | | | | | | |1 |1 | | | | | | | ----------------------------------------------------------------------------- Employee Stock Option |15.400 | | | | | |2/7/0|2/7/1| | | |50,000 |D | | (Right to Buy) | | | | | | |2 |2 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |9.510 | | | | | |2/12/|2/12/| | | |14,182 |D | | (Right to Buy) | | | | | | |03 |13 | | | | | | | ----------------------------------------------------------------------------- ------------------------------------------------------| Employee Stock Option |14.00 |5/01/03|A | |36,365 |A |5/01/|5/01/| Common Stock| | |36,365 |D | | (Right to Buy) | | | | | | |03 |13 | | | | | | | _____________________________________________________________________________ ______________________________________________________| Explanation of Responses: Mr. Calabrese holds 285,547 unexercised stock options. SIGNATURE OF REPORTING PERSON /s/ Wayne H. Calabrese BY: K. Mendell DATE 5/1/03